The Singapore Exchange has finished a joint blockchain trial with the local monetary authority, Nasdaq, and Deloitte.

SingaporeExchange Limited (SGX), along with the Monetary Authority of Singapore (MAS), have successfully tested the use ofblockchaintechnology fortokenizedassets settlement, according to a SGX releaseissued Sunday, Nov. 11.

The report reveals the data on the trial that began in August, shortly after MAS and SGXhad partneredwithU.S.stock marketNasdaq, “big four” consulting companyDeloitte, and Singaporean tech company Anquan. As per the release, the partners have developed a blockchain-driven solution for Delivery versus Payment (DvP) capabilities — a settlement procedure where the buyer’s payment for securities is due at the time of delivery.